Quantitative Finance Analyst: Model Risk & Validation

Bank of America Corporation; City of Westminster; On-site; GBP 65,000 - 100,000; Full time

Job summary

Bank of America is recruiting for an Enterprise Model Risk Management (MRM) validator in London. The role collaborates with model developers to perform full-scope validations, reviews monitoring reports, conducts annual model reviews, and supports regulatory examinations with analyses and documentation.

A strong technical degree and Python programming skills are essential, along with clear written and oral communication and teamwork.

Qualifications

• A technical degree in mathematics, physics, statistics, financial mathematics, quantitative finance, computer science or engineering.
• Strong programming skills, e.g. Python.
• Excellent written and oral communication.
• Attention to detail and a collaborative work ethic.
• Knowledge/experience of market risk and pricing methodologies is preferred.

Responsibilities

• Perform full-scope and limited-change validations with model developers and validators.
• Review ongoing monitoring reports and required actions.
• Conduct annual model reviews.
• Contribute to regulatory examinations with analyses, documentation, and responses.
• Demonstrate strong communication and teamwork in a regulatory context.

Skills

Python programming

Strong communication

Attention to detail

Team player

Market risk knowledge (pref.)

Education

Advanced technical degree

Job description

Bank of America is recruiting for an Enterprise Model Risk Management (MRM) validator in London. The role collaborates with model developers to perform full-scope validations, reviews monitoring reports, conducts annual model reviews, and supports regulatory examinations with analyses and documentation.

A strong technical degree and Python programming skills are essential, along with clear written and oral communication and teamwork.